This/Next Week Forecast (August 15 – 19, 2022)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 658, which will be followed by moving up to resistance level 705.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 658, which will be followed by reaching support level 587 and 561.
previous week forecast
Monthly Forecast, August 2022
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 576, which will be followed by moving up to resistance level 658.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 576, which will be followed by reaching support level 516 – 497.